METRIC mobility solutions AG
Hoeft & Wessel AG: adjustment to annual forecast for 2014 and change on Board of Management
Höft & Wessel AG / Key word(s): Change in Forecast/Change of Personnel 29.10.2014 09:53 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Hannover, 29.10.2014. Hoeft & Wessel AG has lowered its expectations for sales revenues and the operating result for the current financial year. An unexpectedly high level of expenditure and unforeseen delays in the completion of legacy projects have prompted the Board of Management to downgrade earlier forecasts for sales revenues and the operating result. Hoeft & Wessel now anticipates sales significantly below the previous year's level (previously: below preceding year) and negative EBIT in the upper single-digit range (previously: slightly positive). At its meeting of 28 October 2014, the Supervisory Board adopted a resolution to discharge Mr Rudolf Spiller from his duties as a member of the Board of Management with immediate effect. Mr Thomas Dibbern will be appointed Chairman of the Board of Management. He will continue to be responsible for sales and will be supported by Dr Kuhlmann, Research & Development, as well as by Mr Lebold, Finance, Controlling and Human Resources. The Chairman of the Supervisory Board, Mr Dirk U. Hindrichs, believes the Company will be faced with increased efforts to continue its streamlining programme in the coming months. Höft & Wessel AG (ISIN DE000A1X3X66) Investor Relations Dr Arnd Fritzemeier Rotenburger Strasse 20, 30659 Hannover, Germany Phone: +49 511 6102-300 E-mail: IR@hoeft-wessel.com 29.10.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Höft & Wessel AG Rotenburger Str. 20 30659 Hannover Germany Phone: +49 (0)511-6102-0 Fax: +49 (0)511-6102-411 E-mail: info@hoeft-wessel.com Internet: www.hoeft-wessel.com ISIN: DE000A1X3X66 WKN: A1X3X6 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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